Her husband is involved in selling buffalo milk. For that purpose, he has a buffalo at his home from which he gets milk every day that he sells to his community clients for a profit. He also has two goats and he will sell them to a butcher after raising them.
Mariam is the mother of four children. All of them are enrolled in a local school and getting their education.
She has applied for a loan from Kiva partner Asasah for the expansion of her grocery store business. With the loan, she will purchase groceries in bulk quantities which will allow her to fill the customers' orders and increase her profits.
She has been operating this business for the past three years and hopes that the loan will help her improving her business further and increase her profits.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid